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| Court grants bail to MD, Aman Hospitality Private Limited in 270 crores bank loan case | | | Early Times Report
JAMMU, Nov 30: Special Judge Anti-Corruption Srinagar has granted bail to Raj Singh Gehlot, MD, Aman Hospitality Private Limited in 270 crores J&K Bank fraud loan case.
While granting bail, Special Judge Anti-Corruption Srinagar C L Bavoria observed that perusal of record reveals that the FIR has been registered against the accused in 2019 and since then accused has not been arrested, however he has been called during investigation and he has co-operated with investigating agencies.
Moreover, there is nothing in the file from which it could be inferred that from date of registration of FIR till filing of charge sheet before this court, the accused tried to win over or influence the prosecution witnesses.
Having taken in regard the above stated facts and that the other accused persons in this case have already been granted bail, the applicant has been able to carve out a prima facie for grant of bail. Accordingly, allowing the prayer, the accused Gehlot is admitted to bail in this FIR on furnishing bail bond of one lakhs with one surety before the court and a personal bond of the like amount with the conditions that he shall not directly or indirectly make any inducement, threat, or promise to any person acquainted with the facts of the case so as to dissuade him to disclose such facts to the court or any other authority.
“Charge sheet against Gehlot, Rakesh Kumar Kharyal and Kuldeep Gupta, then Managers of J&K Bank, Ansal Plaza Branch, New Delhi, and others was filed in 270 crores J&K Bank loan fraud case,” a spokesperson of the ACB said in a statement. He said a case was registered in July 2019 to probe allegations of financial irregularities in the loans availed by M/s Aman Hospitality Private Limited, New Delhi, from the of the J&K Bank’s Ansal Plaza branch in the national capital.
“It was alleged that the officers of J&K Bank Ansal Plaza branch had given loan worth crores of rupees to this firm and in connivance with the said firm, the loan amounts so sanctioned were declared as NPA to facilitate the firm to have one time settlement to its advantage,” the ACB said.
He said the firm had apparently availed loans for the construction of a five star hotel in Delhi with a project cost estimated at ₹866.89 crores but investigation revealed that the loans were diverted for various other purposes and misappropriated by Gehlot. |
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